Michael Covel cuts up a Yahoo Finance segment called "Are Social Media Stocks In A Bear Market?" with Michael Santoli and Jeff Macke. Covel dissects the terminology and words used by the media, and the position of the talking heads on this Yahoo Finance article. Covel discusses the idea of researching stocks. There is advice that says you should be doing one hour of fundamental research per week on every stock you own. If you own 50 stocks, that's 50 hours a week. Covel thinks this advice is asinine, and points out that the best traders don't do that. If the best traders in the world don't do that, why should you? It doesn't matter what the research tells you; if you don't have a stop loss, you're going to lose your money. Period. Covel then moves on to the Jeff Macke/Michael Santoli segment and dissects it each step of the way. Covel breaks down the terminology, including "crowded longs", "chatter from brokerage firms", and "hedge fund favorites". Covel also discusses how we don't know the why behind bubbles, inspired by his Justin Fox interview from a few days ago. Covel also discusses why you don't need to know what a good price is on the way down; defining "smart money", "aggressively buying", and "leadership" in a trading system; and whether or not the market is "anxious". Covel ends with something inspired by James Altucher's article, "Ten Reasons You Have To Quit Your Job In 2014". Want a free trend following video? Go to trendfollowing.com/win.